1625 Martin Bluff Rd - Apartments FOR SALE


Gautier, MS 39553
$995,000 USD
228-233-6336
1625 Martin Bluff Rd, Gautier, MS for Sale
$995,000 USD
Apartments - FOR SALE
1/12
null | 9.37% Cap Rate

1625 Martin Bluff Rd
Gautier, MS 39553


HIGHLIGHTS

  • Desirable pool and park amenities for residents
  • On-site management for tenant convenience
  • 20 Units totaling 22,764 SF

OVERVIEW

MOTIVATED SELLER, Call if there is interest. Introducing a good investment opportunity: 1625 Martin Bluff Road in Gautier, MS. 20 units, stands as a prime example of multifamily real estate in the booming Jackson County Ms market. 10 minutes from I-10, 15 minutes to Hwy 90 and 30 min from the Shipyards, Chevron and Hwy 57 Industrial Complex. Built in 1970 and currently enjoying an enviable 100% occupancy rate, this property aligns with your investment objectives. Situated in the sought-after Multi-Family area and zoned R-2 Single-Family Residential, it presents a secure and promising venture. The HOA covers essential amenities including insurance, water, wind, sewer, and trash, while also offering access to a pool and park. With convenient proximity to interstate access and downtown, as well as neighboring prominent employers like Ingall's Shipbuilding and Chevron, this property promises a rewarding investment opportunity.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

102

PRICE/UNIT

$9,755

CAP RATE

9.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 units Riverbend Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.8 AC

LAND SF

426,888 SF

ZONING

R-2

APN/PARCEL ID

8-65-00-001.000

ASK ABOUT THIS PROPERTY

Kim Ross BushColdwell Banker Commercial Alfonso RealtyMore Info
228-233-6336

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Kim Ross BushColdwell Banker Commercial Alfonso RealtyMore Info
228-233-6336

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.